Monthly Archives: March 2013

Weekly Eurozone Watch – Spread Blowout

Key Data Points German 10-year Bund 9 bps lower; France 10 bps wider to the Bund; Belgium 11 bps wider; Ireland 17 bps wider; Italy 33 bps wider; Spain 29 bps wider; Portugal 44 bp wider; Greece 65 bps wider; … Continue reading

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U.S. Equity Sector ETF – Daily Performance

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Daily Interest Rate Monitor – March 28

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S&P Gets It Done

The S&P500 finishes Q1 at a new all-time closing high of 1569.19 taking out the 1565.13 October 2007 high.    Impressive getting it done without Apple and Google with today’s slam dunk (see video)  led, again,  by utilities and healthcare. Next … Continue reading

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Tweet of the Day

Two B-2 bombers flew over South Korea today, demonstrating the US’s ability to conduct precision strikes at will pic.twitter.com/0CxWPCD7z1 — U.S. Embassy Seoul (@usembassyseoul) March 28, 2013

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Stratfor: Turkey’s Geographic Challenge

On the back of S&P’s upgrade of Turkey’s rating to double-B-plus from double-B, one level below an investment-grade,  here’s some good background. Stratfor examines how Turkey is attempting to expand its core into the eastern part of the country and … Continue reading

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Staples Outperformance Signalling a Correction?

Let’s revisit the S&P500 (SPY)  and Consumer Disretionary: Staples ratio (XLY/XLP). Last month we flagged the outperformance of consumer staple stocks relative to consumer discretionary was signaling the pullback albeit a small one — just over 3 percent around the … Continue reading

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U.S. Equity Sector ETF – Daily Performance

Choppy Markets. The mess in Europe makes it difficult to be long equities.  Italian and Spanish bond spreads are 30-40 bps wider to the Bund on the week.  Large Euro banks down 5-1o percent. Apple breaks through its 50-day and … Continue reading

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Daily Interest Rate Monitor – March 27

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Quote of the Day: Euro Mess

The eurozone remains stuck in a horrific mess…the strategy of competitive austerity cannot return the eurozone to economic health. It guarantees a feeble eurozone economy…the will to sustain the eurozone intact is formidable. This then is a clash between an … Continue reading

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